While Cohen himself was not charged in the indictment, Bloomberg notes that he faces an "administrative action" by the Securities and Exchange Commission.

In a nifty bit of situational irony, Cohen -- who has long angled to own an MLB franchise -- was brought into the Mets fold only because the Wilpons were desperate for cash following their own misadventures in high finance. Cohen paid just $20 million for his share of the team, so this almost certainly won't materially affect the state of the franchise. However, Cohen's efforts toward one day being the majority owner of a team will likely come to grief thanks to this scandal.